IuteCredit Europe, which owns 83.62% of Energbank's shares, has announced a mandatory takeover bid for the remaining 16.38% of the bank's shares at a price of 213.04 lei apiece.
In particular, the purpose of the mandatory takeover offer is to buy 327692 ordinary registered shares (16.38%) of Energbank at a price of 213.04 lei apiece. The offer is valid for 14 days from the date of its publication - from March 30 to April 12. It should be noted that the mandatory takeover offer is made by an entity who, as a result of a personal purchase or a purchase by persons acting in concert with it, owns directly or indirectly, alone or jointly with persons acting in concert, more than 50% of the total number of voting shares of a certain issuer or shares that may be converted or which give the right to purchase the voting shares. The subject of the mandatory takeover bid is all shares of the respective class that are outstanding at the time of initiation of the bid and are not owned by the person(s) acting in concert obliged to initiate the bid. As InfoMarket earlier reported, the majority shareholder of Moldova's Energbank is the leading European financial group IuteCredit Europe, which currently holds 83.62% of Energbank shares. The registered capital of Energbank makes up 100 million lei and is divided into 2 million shares with nominal value of 50 lei. Energbank has been working on the financial market of Moldova for 25 years. During this time, the bank has become one of the best mid-sized financial institutions in the country, with total assets of 2.97 billion lei (148 million euros) by the end of 2021. IuteCredit, founded in 2008, is a leading European company in personal finance. The group specializes in consumer lending through its 100% subsidiaries, using equity and debt capital. IuteCredit currently serves clients in Moldova, Albania, Northern Macedonia and Bulgaria, as well as Bosnia and Herzegovina. // 30.03.2022 - InfoMarket
